Kilroy Realty Corporation (KRC) to Post Q4 2017 Earnings of $0.88 Per Share, DA Davidson Forecasts
Kilroy Realty Corporation (NYSE:KRC) – Analysts at DA Davidson cut their Q4 2017 earnings per share (EPS) estimates for Kilroy Realty Corporation in a research note issued on Friday. DA Davidson analyst B. Oxford now forecasts that the real estate investment trust will post earnings of $0.88 per share for the quarter, down from their prior forecast of $0.90. DA Davidson also issued estimates for Kilroy Realty Corporation’s Q1 2018 earnings at $0.89 EPS, Q2 2018 earnings at $0.92 EPS, Q3 2018 earnings at $0.94 EPS, Q4 2018 earnings at $0.96 EPS and FY2018 earnings at $3.72 EPS.
Several other research analysts have also recently weighed in on the company. Zacks Investment Research cut Kilroy Realty Corporation from a “hold” rating to a “sell” rating in a research note on Wednesday, April 12th. BidaskClub raised Kilroy Realty Corporation from a “hold” rating to a “buy” rating in a report on Thursday, June 15th. BMO Capital Markets reaffirmed a “buy” rating and set a $82.00 target price on shares of Kilroy Realty Corporation in a report on Wednesday, April 5th. Deutsche Bank AG upped their target price on Kilroy Realty Corporation from $75.00 to $78.00 and gave the company a “hold” rating in a report on Thursday, May 25th. Finally, Stifel Nicolaus reaffirmed a “buy” rating and set a $80.00 target price on shares of Kilroy Realty Corporation in a report on Thursday, July 6th. Two equities research analysts have rated the stock with a sell rating, three have assigned a hold rating and six have issued a buy rating to the company’s stock. The company presently has an average rating of “Hold” and a consensus price target of $79.20.
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Kilroy Realty Corporation (NYSE:KRC) opened at 70.45 on Monday. The firm has a market cap of $6.92 billion, a P/E ratio of 51.20 and a beta of 0.76. Kilroy Realty Corporation has a 52 week low of $65.77 and a 52 week high of $78.33. The company has a 50-day moving average of $74.35 and a 200 day moving average of $73.68.
Kilroy Realty Corporation (NYSE:KRC) last announced its earnings results on Wednesday, July 26th. The real estate investment trust reported $0.87 earnings per share for the quarter, beating the consensus estimate of $0.86 by $0.01. Kilroy Realty Corporation had a net margin of 21.75% and a return on equity of 4.11%. The firm had revenue of $180.60 million during the quarter, compared to the consensus estimate of $178.63 million. During the same quarter in the previous year, the company posted $0.86 EPS. The firm’s revenue for the quarter was up 12.8% on a year-over-year basis.
The business also recently announced a quarterly dividend, which was paid on Wednesday, July 12th. Stockholders of record on Friday, June 30th were issued a dividend of $0.425 per share. This represents a $1.70 annualized dividend and a dividend yield of 2.41%. This is an increase from Kilroy Realty Corporation’s previous quarterly dividend of $0.38. The ex-dividend date was Wednesday, June 28th. Kilroy Realty Corporation’s dividend payout ratio is currently 122.30%.
In other news, insider Justin William Smart sold 10,000 shares of the company’s stock in a transaction on Wednesday, June 14th. The stock was sold at an average price of $76.86, for a total transaction of $768,600.00. Following the completion of the sale, the insider now directly owns 93,017 shares of the company’s stock, valued at $7,149,286.62. The sale was disclosed in a document filed with the SEC, which is available at the SEC website. Corporate insiders own 2.28% of the company’s stock.
A number of large investors have recently made changes to their positions in KRC. Perigon Wealth Management LLC acquired a new stake in shares of Kilroy Realty Corporation during the first quarter valued at about $100,000. Invictus RG acquired a new stake in shares of Kilroy Realty Corporation during the first quarter valued at about $131,000. Quantbot Technologies LP acquired a new stake in shares of Kilroy Realty Corporation during the first quarter valued at about $150,000. Flinton Capital Management LLC increased its stake in shares of Kilroy Realty Corporation by 20.5% in the first quarter. Flinton Capital Management LLC now owns 2,912 shares of the real estate investment trust’s stock valued at $210,000 after buying an additional 496 shares in the last quarter. Finally, KCG Holdings Inc. acquired a new stake in shares of Kilroy Realty Corporation during the first quarter valued at about $218,000. 99.60% of the stock is owned by hedge funds and other institutional investors.
Kilroy Realty Corporation Company Profile
Kilroy Realty Corporation is a real estate investment trust (REIT). The Company operates through the office properties segment. It operates in office and mixed-use submarkets along the West Coast. It owns, develops, acquires and manages real estate assets, consisting primarily of Class A properties in the coastal regions of Los Angeles, Orange County, San Diego County, the San Francisco Bay Area and Greater Seattle.
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